Ref No : L01 LEAD SCHEDULE

YOUNG WATER ANDERSON

Client: ST City Hotel (M) Sdn Bhd
Subject: Sales - Lead Schedule
Year End: 31 December 2019

Sales: Hotel
Restaurant
Banquet And events
Rental

Total Sales

Audit procedures performed:-

No. Audit Procedures

1 Agree the total sales to the general ledger.
2 The total sales for 2019 is compared to 2018 and significant differences are investigate

Findings:-
It seems that the total sales have decreased significantly mainly due to the decline in restaurant and

Conclusions:-
I am satisfied that we are unable to obtain sufficient and appropriate evidence to provide reasonable
The schedules and working papers on this section support the opinion.

No. Adjustments
1 Dr Banquet Revenue
Dr Service Tax
Cr Deferred Income
(Revenue for 2020 is reversed out from 2019)
2 Dr Rental revenue
Cr Deposit Liability
(Rental deposit to be recognised as deposit liability)
 As per Mgt. Adjustments Audited
31.12.2019 Dr Cr 31.12.2019
RM RM RM RM

12,632,410.20 12,632,410.20
1,441,679.05 1,441,679.05
2,413,136.00 40,150.00 2,372,986.00
456,000.00 6,000.00 450,000.00

16,943,225.25 46,150.00 0.00 16,897,075.25

3,814,665.05

es Assertions
Completeness
ficant differences are investigated. Valuation

to the decline in restaurant and banquet and events sales.

evidence to provide reasonable assurance that the sales for the year 31 December 2019 were fairly stated.

Debit Credit
40150
2409
42559

6000
6000
 Prepared by: ASZ
Reviewed by: NFA

Audited Variances
31.12.2018 2019 vs 2018
RM RM %

13,483,708.00 -851,297.80 -6.31%

2,347,615.00 -905,935.95 -38.59%
3,196,409.00 -823,423.00 -25.76%
426,000.00 24,000.00 5.63%

19,453,732.00 -2,556,656.75 -65.03%

e fairly stated.
Ref No : L02 LEAD SCHEDULE
YOUNG WATER ANDERSON
Client: ST City Hotel (M) Sdn Bhd
Subject: Purchases - Lead Schedule
Year End: ###

As per Mgt.
Purchases 31/12/2019
RM

F&B Beverages 386,119.72

F&B Food Cost 2,547,487.89
F&B - Other Cost 96,582.00

3,030,189.61

No. Audit Procedures

1 Agree the total purchases to the general ledger.
2 The total purchases for 2019 is compared to 2018 and significant diffe

Findings:-
The total purchases have decreased significantly

Conclusions:-
There are significant amount of variances, but the Purchases for 31 December 2019 are provided rea
 Prepared by: Miera
Reviewed by:NFA

Adjustments Audited Variances

Dr Cr 31/12/2019 31/12/2018 2019 vs 2018
RM RM RM RM RM %

386,119.72 423,959.45 -37,839.73 -8.93%

2,547,487.89 2,796,122.71 -248,634.82 -8.89%
96,582.00 43,461.90 53,120.10 122.22%
0

3,030,189.61 3,263,544.06 -233,354.45

rocedures Assertions
eral ledger. C
ared to 2018 and significant differences aV, C

December 2019 are provided reasonable assurance and fairly stated.

Ref No : L03 LEAD SCHEDULE
YOUNG WATER ANDERSON
Client: ST City Hotel (M) Sdn Bhd
Subject: Expenses - Lead Schedule
Year End: 31 December 2019

Account Name As per Mgt. Adjustments

31/12/2019 Dr
RM RM

A&G 122974.13
Energy 2259667.01
Eng 149195.55
F&B 23671.5
Income tax expense 0
Interest 2113990.99
Other 2649720.41
RMS 767095
S&M 908961.27
8995275.86

Findings:-
Note 1 The increase in Energy expense is caused by an increase in electricity tariff in March. A
system was built but this way only completed in September.

ConclusionsExpenses are truly and fairly stated as at 31 December 2019.

 Prepared by: Fadzlin
Reviewed by:NFA

Adjustments Remarks Audited Variances

Cr 31/12/2019 31/12/2018 2019 vs 2018
RM RM RM RM %

122974.13 132151.99 -9177.86 -6.94%

Note 1 2259667.01 1638673.22 620993.79 37.90%
149195.55 152446.7 -3251.15 -2.13%
23671.5 28539.38 -4867.88 -17.06%
0 346890.2 -346890.2 -100.00%
2113990.99 2165393.64 -51402.65 -2.37%
2649720.41 2534033.7 115686.71 4.57%
767095 820499.39 -53404.39 -6.51%
908961.27 1050786.6 -141825.33 -13.50%
8995275.86 8869414.82 125861.04 -106.05%

ectricity tariff in March. As part of the company's effort to reduce escalating utility expenses, solar
Ref No : L04 LEAD SCHEDULE
YOUNG WATER ANDERSON
Client: ST City Hotel (M) Sdn Bhd
Subject: Payroll - Lead Schedule
Year End: 31 December 2019

As per Mgt.
31/12/2019
RM

Payroll: Room Division 1,155,376.39

F & B Division 2,327,555.56
Admin & General Division 1,287,983.95
Engineering Division 543,606.36
Sales & Marketing Division 629,184.80

Carrying amounts 5,943,707.06

Audit procedures performed:-

Accuracy, valuation Performing the total carrying amount of payroll and agree to assertion of the gen

Findings:-
No material exceptions noted.

Conclusions:-
I am satisfied that we have obtained sufficient and appropriate evidence to provide reasonable assur
The schedules and working papers on this section support the opinion.
 Prepared by:
Reviewed by:

Adjustments Audited Variances

Dr Cr 31/12/2019 31/12/2018 2019 vs 2018
RM RM RM RM RM

1,155,376.39 1,198,156.23 -42,779.84

2,327,555.56 2,465,420.83
1,287,983.95 1,311,797.46
543,606.36 558,711.09 -15,104.73
629,184.80 652,365.89

5,943,707.06 6,186,451.50 -57,884.57

.

ll and agree to assertion of the general ledger

dence to provide reasonable assurance that the payroll as at 30 December 2019 were fairly stated.
 Sheng
NFA

Variances
2019 vs 2018
%

-3.57%

-2.70%

-6.27%
Ref No : L05 LEAD SCHEDULE
YOUNG WATER ANDERSON
Client: ST City Hotel (M) Sdn Bhd
Subject: Trade and other receivables - Lead Schedule
Year End: 31 December 2019

Trade Receivables :
Less than 30 days
30-60 days
61-90 days
More than 90 days

Other receivables and deposits

Total Receivables

Audit procedure performed : -

Assertion Audit Procedure

Valuation the total receivables for 2019 are compare to the total receiv

Findings:-
The significant decrease in trade receivables are mainly due to decline in sales.

Conclusions:-
We are not able to conclude whether trade and others receivables are in true and fair view due to the
SUB SCHEDULE
 As per Mgt. Adjustments Audited
31.12.2019 Dr Cr 31.12.2019 31.12.2018
RM RM RM RM RM

316677.53 316677.53 403304

10086.12 10086.12 12447
583 583 727
30665.8 30665.8 37795

412000 412000 412000

770012.45 770012.45 866273

Audit Procedure
s for 2019 are compare to the total receivables for 2018

to decline in sales.

vables are in true and fair view due to the insufficient evidence.
 Prepared by: Kah Ying
Reviewed by: NFA

Variance
2019 vs 2018
RM %

-86626.47 -21.48%
-2360.88 -18.97%
-144 -19.81%
-7129.2 -18.86%

0 0.00%

-96260.55 -79.12%
Ref No : L06 LEAD SCHEDULE
YOUNG WATER ANDERSON
Client: ST City Hotel (M) Sdn. Bhd.
Subject: Trade and other Payables - Lead Schedule
Year End: 31 December 2019

As per mgmt. Adjustment

31/12/2019 Dr
Account name RM RM
Trade payables ###

Total ###

Audit procedures performed:-

Assertion Audit Procedure

valuation, completeness the total trade payables for 2019 are compare wit

Findings : The variance shown is material as it exceeds the planning materiality threshold . There

Conclusions:-
Based on the subsequent events that happened in 2019 , more payables are required in the year 201
therefore based on the audit work performed on the trade payables account , we could conclude that
 Prepared by:
Reviewed by:

Adjusment Audited Audited Variance

CR 31/12/2019 31/12/2018 2019 v
RM RM RM RM
### ### 370,308.69

### ### 370,308.69

Audit Procedure
yables for 2019 are compare with total trade payables for 2

ning materiality threshold . Therefore , there is a need to enquire the auditee on the reason for its variances.

bles are required in the year 2019 thus may explain the variance
ccount , we could conclude that the trade payables are truly and fairly stated
 Miera
NFA

s 2018
%
1.69

1.69

or its variances.
Ref No : L07
LEAD SCHEDULE
YOUNG WATER ANDERSON
Client: ST City Hotel (M) Sdn Bhd
Subject: Property, plant and equipment - Lead Schedule
Year End: 31 December 2019

Property, plant and equipment

Hotel Building
Kitchen and Restaurant Equipment
Kitchen and Restaurant Furniture and Fittings
Office Equipment

Less:
Accumulated depreciation
Hotel Building
Kitchen and Restaurant Equipment
Kitchen and Restaurant Furniture and Fittings
Office Equipment

Carrying amounts

Audit procedures performed:-

Assertion Audit Procedure

valuation, completen the total PPE for 2019 are compare with total PPE for 2018

Findings:-
No material exceptions noted.

Conclusions:-
I am satisfied that we have obtained sufficient and appropriate evidence to provide reasonable assurance that the p
The schedules and working papers on this section support the opinion.
 As per Mgt. Adjustments
31.12.2019 Dr Cr
RM RM RM

90,000,000
1,137,080
300,406
405,938
91,843,424

-16,200,000
-1,019,933.54
-270,365.36
-204,680.69
-17,694,980

74,148,444

Audit Procedure
19 are compare with total PPE for 2018

ate evidence to provide reasonable assurance that the property, plant and equipment as at 31 December 2019 were fairly state
the opinion.
 Prepared by: Ain Sofea
Reviewed by: NFA

Audited Variances
31.12.2019 31.12.2018 2019 vs 2018
RM RM RM %

90,000,000 90,000,000
1,137,080 1,137,080
300,406 300,406
405,938 405,938
91,843,424 91,843,424 0 0.00%

-16,200,000 -14,400,000
-1,019,933.54 -906,225.50
-270,365.36 -240,324.80
-204,680.69 -123,493.13
-17,694,980 -15,670,043 -2,024,936 12.92%

74,148,444 76,173,381 -2,024,936 12.92%

31 December 2019 were fairly stated.

Ref No : L08
LEAD SCHEDULE
YOUNG WATER ANDERSON
Client: ST City Hotel (M) Sdn Bhd
Subject: Property, plant and equipment additions - Lead Schedule
Year End: 31 December 2019

Opening balance
1.1.2019
RM

Property, plant and equipment

Motor Vehicle 0
Information Technology 477,092
Renovation and Other building works 371,990
849,082.00

Less:
Accumulated depreciation
Motor Vehicle 0
Information Technology -261,743.50
Renovation and Other building works -46,399.17
-308,142.67

Carrying amounts 1,157,224.67

Audit procedures performed:-

Assertion Audit Procedure

valuation, completenethe total PPE additions for 2019 are compare with total PPE additio

Findings:-
No material exceptions noted.

Conclusions:-
I am satisfied that we have obtained sufficient and appropriate evidence to provide reasonable assurance that the p
The schedules and working papers on this section support the opinion.
 Additions As per Mgt. Adjustments Audited
during year 2019 31.12.2019 Dr Cr 31.12.2019
RM RM RM RM RM

297,000 297,000 297,000

430,000 907,092 907,092
1,810,000 2,181,990 2,181,990
3,386,082 3,386,082

-24,750 -24,750
-315,828.60 -315,828.60
-125,848.20 -125,848.20
-466,427 -466,427

3,852,509 2,919,655

dure
ompare with total PPE additio

de reasonable assurance that the property, plant and equipment as at 31 December 2019 were fairly stated.
 Prepared by: Ain Sofea
Reviewed by:

Audited Variances
31.12.2018 2019 vs 2018
RM RM %

0
477,092
371,990
849,082.00 2,537,000 298.79%

0
-261,743.50
46,399.17
-215,344.33 -251,082 116.60%

633,737.67 2,285,918 415.39%

airly stated.